U.S. textile makers praise re-imposed quotas on Chinese imports

[Tom Yossarian Joad]

Retailers unhappy
By Martin Crutsinger
ASSOCIATED PRESS

6:57 a.m. May 14, 2005

WASHINGTON – U.S. textile and clothing manufacturers are praising the Bush administration for re-imposing quotas on Chinese-made cotton trousers, cotton knit shirts and underwear, saying the quick action was needed to save thousands of American jobs.

But retailers are complaining that the new limits on Chinese imports and more that are expected to be imposed on other clothing categories will simply mean higher prices for American consumers.

The administration announced late Friday that it was re-imposing quotas in the three clothing categories, where it had launched its own investigations in early April.

The domestic industry has been urging quick action, saying 18 textile plans have already been forced to close this year and 16,600 textile and apparel jobs have been lost following the removal of a 3-decade-old system of global quotas that had limited how much China and other countries could ship to the United States and other rich nations.

<snip>

http://www.signonsandiego.com/news/business/20050514-0657-textilecases.html

[gavodotcom]

1. You mean a little protectionism might be better for the country?

I thought jumping into globalization with two feet was going to help the little guys like Wal-Mart and Sears.

[KittyWampus]

2. Why Are Higher Costs Always Passed To Consumers & Not Deducted From

CEO's salaries?